Deel

Deel is a global HR and payroll company cofounded in 2019 by Alex Bouaziz, Shuo Wang, and Israeli cofounder Ofer Simon after they graduated from Y Combinator. The company provides a comprehensive platform for hiring, paying, and managing remote workers across more than 130 countries, serving as an employer of record and handling local compliance, tax, and benefits administration.

Deel's platform enables companies to onboard international employees and contractors within minutes, managing everything from locally compliant contracts to multi-currency payroll processing. The company owns approximately 250 legal entities globally and manages in-house payroll teams in over 130 countries. Deel has incorporated AI capabilities to automate regulatory compliance and administrative tasks.

Deel has achieved remarkable growth, reaching $1 billion in annual revenue by 2025 and a valuation of $17.3 billion following a $300 million funding round in October 2025. The company employs approximately 7,500 people globally and maintains significant R&D operations in Israel. Deel has made strategic acquisitions including Capbase (equity management), Assemble (compensation benchmarking), and Hofy (IT equipment management) to build a comprehensive global workforce platform.